October 18, 2023

An acquisition that would create America’s most valuable shale gas producer

October 18, 2023

Oil Price Shale pioneer Chesapeake Energy has approached its peer Southwestern Energy for preliminary talks about a possible acquisition that would create America’s top shale gas producer by market value, Reuters reports, citing sources with knowledge of the matter. The talks are in the early stages and there are no guarantees a deal could be reached, according to Reuters’ sources.

U.S. energy needed “now more than ever” amidst Israel-Hamas conflict, API president says on 1973 Oil Embargo anniversary

October 18, 2023

World Oil WASHINGTON, October 18, 2023 – The American Petroleum Institute (API) President and CEO Mike Sommers delivered remarks at the Hudson Institute marking the 50th anniversary of the 1973 Oil Embargo. Sommers acknowledged the parallels between the 1973 crisis in the Middle East that led to the embargo and the crisis unfolding today, expressing strong support for President Biden’s

Suncor’s still committed to energy transition… and so much more

October 18, 2023

BOE Report Most of us heard last month that a federal committee had invited Suncor CEO Rich Kruger to speak after his August 15th statements that Suncor should return to its oil production roots and focus on “the fundamentals” of safety, operational integrity, reliability and profitability over energy transition. Kruger was quoted in various media (including the Globe and Mail) from an August

Railroad Commission of Texas received national recognition for well-plugging program

October 18, 2023

World Oil AUSTIN – The Railroad Commission’s award-winning well-plugging program received yet another accolade – receiving the esteemed Chair’s Environmental Partnership Award from the Interstate Oil and Gas Compact Commission (IOGCC). The award was for completing a complex project that ensured boater safety at the Big Thicket National Preserve earlier this year. The National Park Service (NPS) contacted the Commission

U.S. crude oil inventories increase by 0.5 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 4.5 million barrels

October 18, 2023

Weekly Crude Oil Storage as of October 13, 2023 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.5 million barrels from the previous week. At 419.7 million barrels, U.S. crude oil inventories are about 5% below the five year average for this time of year, according to the EIA crude oil and

An acquisition that would create America’s most valuable shale gas producer

U.S. energy needed “now more than ever” amidst Israel-Hamas conflict, API president says on 1973 Oil Embargo anniversary

Suncor’s still committed to energy transition… and so much more

Railroad Commission of Texas received national recognition for well-plugging program

U.S. crude oil inventories decrease by 4.5 million barrels

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